Risk Appetite Hits New Highs

Global Risk Appetite index continues to march higher as investors embrace the "risk-on" trade.

Source: CS

Other risk indicators also show a similar trend. VIX for example is at new post-recession lows.

VIX Index

Junk bond yields hit another all-time low yesterday and Eurozone periphery debt yields hover near recent lows as well.

Italy 10-year yield

Investor risk aversion is disappearing quickly.

Source: Sober Look